Paragraph 1: Implementation

The individual retirement savings plan giving rise to membership of a group insurance contract, the performance of which is linked to cessation of professional activity, is subscribed by an association covered byarticle L. 141-7 of the Insurance Code. This association represents the interests of policyholders in setting up and overseeing the management of one or more individual retirement savings plans. The association acts in the interests of the policyholders. It…

The individual retirement savings plan sets out the financing arrangements for the subscribing association. The association may only receive an initial membership fee and, where applicable, regular contributions from members, which may take the form of fees deducted from the plan. These contributions are mentioned in the information provided for in article L. 224-7.